https://www.taxtmi.com/caselaws?id=234604 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s order, dismissing the Revenue's appeal and the assessee's cross-objection. The additions of Rs. 26,00,000/- and Rs. 2,60,000/- were deleted as the transactions were deemed genuine with supporting evidence. The initiation of proceedings under Section 147 was also upheld. The decision was pronounced on 7th June 2013. en-us Fri, 07 Jun 2013 00:00:00 +0530 Sat, 15 Jun 2013 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234604 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s order, dismissing the Revenue's appeal and the assessee's cross-objection. The additions of Rs. 26,00,000/- and Rs. 2,60,000/- were deleted as the transactions were deemed genuine with supporting evidence. The initiation of proceedings under Section 147 was also upheld. The decision was pronounced on 7th June 2013. Case-Laws Income Tax Fri, 07 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234604